Kosmos Energy (NYSE:KOS) Cut to “Sell” at StockNews.com

StockNews.com lowered shares of Kosmos Energy (NYSE:KOS) from a hold rating to a sell rating in a research report released on Tuesday.

Several other brokerages have also weighed in on KOS. Benchmark decreased their price objective on Kosmos Energy from $8.00 to $7.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Jefferies Financial Group restated a “buy” rating and set a $5.60 price target on shares of Kosmos Energy in a research report on Wednesday, December 18th. Sanford C. Bernstein lowered their price objective on shares of Kosmos Energy from $5.00 to $4.00 and set a “market perform” rating for the company in a research report on Tuesday, November 5th. Finally, Mizuho dropped their target price on Kosmos Energy from $5.00 to $4.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Kosmos Energy currently has a consensus rating of “Hold” and an average target price of $5.52.

Kosmos Energy Price Performance

Shares of NYSE:KOS opened at $2.80 on Tuesday. The company has a quick ratio of 0.47, a current ratio of 0.75 and a debt-to-equity ratio of 2.25. The business has a 50 day moving average price of $3.32 and a 200 day moving average price of $3.83. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 6.35, a PEG ratio of 5.24 and a beta of 2.41. Kosmos Energy has a twelve month low of $2.58 and a twelve month high of $6.58.

Kosmos Energy (NYSE:KOS) last posted its quarterly earnings data on Monday, February 24th. The oil and gas producer reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.02). Kosmos Energy had a net margin of 12.21% and a return on equity of 31.08%. The business had revenue of $397.66 million during the quarter, compared to the consensus estimate of $387.60 million. Research analysts predict that Kosmos Energy will post 0.42 earnings per share for the current year.

Insider Activity

In other Kosmos Energy news, CAO Ronald W. Glass sold 10,354 shares of the stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $3.12, for a total value of $32,304.48. Following the transaction, the chief accounting officer now owns 299,498 shares of the company’s stock, valued at approximately $934,433.76. This represents a 3.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Andrew G. Inglis sold 138,689 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $3.12, for a total value of $432,709.68. Following the transaction, the chief executive officer now owns 3,959,000 shares in the company, valued at approximately $12,352,080. This trade represents a 3.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 503,970 shares of company stock valued at $1,572,386 in the last 90 days. 2.02% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of KOS. Stifel Financial Corp boosted its position in shares of Kosmos Energy by 24.9% during the fourth quarter. Stifel Financial Corp now owns 19,711 shares of the oil and gas producer’s stock worth $67,000 after purchasing an additional 3,932 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Kosmos Energy by 10.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 45,393 shares of the oil and gas producer’s stock worth $155,000 after buying an additional 4,381 shares during the period. Franklin Resources Inc. lifted its holdings in Kosmos Energy by 3.9% during the third quarter. Franklin Resources Inc. now owns 124,408 shares of the oil and gas producer’s stock worth $531,000 after acquiring an additional 4,640 shares in the last quarter. Avidian Wealth Enterprises LLC grew its stake in Kosmos Energy by 42.8% in the third quarter. Avidian Wealth Enterprises LLC now owns 16,424 shares of the oil and gas producer’s stock valued at $66,000 after acquiring an additional 4,921 shares during the period. Finally, New York State Common Retirement Fund grew its stake in Kosmos Energy by 3.8% in the fourth quarter. New York State Common Retirement Fund now owns 171,852 shares of the oil and gas producer’s stock valued at $588,000 after acquiring an additional 6,300 shares during the period. Institutional investors and hedge funds own 95.33% of the company’s stock.

Kosmos Energy Company Profile

Kosmos Energy Ltd., together with its subsidiaries, engages in the exploration, development, and production of oil and gas along the Atlantic Margins in the United States. The company’s primary assets include production projects located in offshore Ghana, Equatorial Guinea, and the U.S. Gulf of Mexico, as well as gas projects located in offshore Mauritania and Senegal.